Voice of America: China's Appetite for Pork Spurs $4.7B Smithfield Deal

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

China's Appetite for Pork Spurs $4.7B Smithfield Deal May 29th 2013, 22:40 China's Shuanghui International plans to buy Smithfield Foods Inc for $4.7 billion to feed a growing Chinese appetite for U.S. pork, but the proposed takeover of the world's No. 1 producer has stirred concern in the United States.   The transaction, announced on Wednesday, would rank as the largest Chinese takeover of a U.S. company, with an enterprise value of $7.1 billion, including debt assumption.   As it stands. the deal is the biggest Chinese play for a U.S. company ... Media files: 2AFB2823-4D69-4F86-91ED-E9C0FDA160C6_cx0_cy0_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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